Greenidge Generation Holdings Inc. (NASDAQ:GREE) Short Interest Update

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 288,800 shares, a drop of 35.5% from the October 15th total of 448,000 shares. Based on an average daily volume of 247,200 shares, the days-to-cover ratio is presently 1.2 days. Currently, 3.8% of the shares of the stock are sold short.

Greenidge Generation Trading Up 2.1 %

NASDAQ GREE traded up $0.05 during mid-day trading on Thursday, hitting $2.47. The company’s stock had a trading volume of 1,763,205 shares, compared to its average volume of 277,661. The stock’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.43. Greenidge Generation has a 52-week low of $1.62 and a 52-week high of $9.26.

Greenidge Generation (NASDAQ:GREE) last released its earnings results on Wednesday, August 14th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.18). The business had revenue of $13.06 million for the quarter, compared to analysts’ expectations of $16.10 million. On average, sell-side analysts predict that Greenidge Generation will post -1.81 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Greenidge Generation stock. XTX Topco Ltd purchased a new stake in Greenidge Generation Holdings Inc. (NASDAQ:GREE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.16% of Greenidge Generation at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.50% of the company’s stock.

About Greenidge Generation

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.